The J. M. Smucker Company (NYSE:SJM) Shares Sold by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC decreased its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 37.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,308 shares of the company’s stock after selling 1,353 shares during the period. Kesler Norman & Wride LLC’s holdings in J. M. Smucker were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. lifted its holdings in J. M. Smucker by 17.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after purchasing an additional 100 shares in the last quarter. Trust Co. of Vermont lifted its stake in J. M. Smucker by 4.1% in the 4th quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock valued at $301,000 after buying an additional 108 shares in the last quarter. Conestoga Capital Advisors LLC boosted its holdings in J. M. Smucker by 6.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock worth $203,000 after buying an additional 115 shares during the last quarter. Mendel Money Management increased its stake in J. M. Smucker by 3.1% during the 4th quarter. Mendel Money Management now owns 3,933 shares of the company’s stock worth $433,000 after buying an additional 117 shares in the last quarter. Finally, Code Waechter LLC increased its stake in J. M. Smucker by 2.5% during the 4th quarter. Code Waechter LLC now owns 5,023 shares of the company’s stock worth $553,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SJM. Morgan Stanley initiated coverage on J. M. Smucker in a research note on Monday, March 24th. They issued an “overweight” rating and a $123.00 price target on the stock. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. Barclays lowered their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Finally, DA Davidson cut their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and an average target price of $125.67.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the sale, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. This represents a 36.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Tucker H. Marshall sold 5,028 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the transaction, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This represents a 27.49 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

J. M. Smucker Trading Down 0.1 %

NYSE SJM opened at $118.44 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The stock has a market capitalization of $12.60 billion, a P/E ratio of 23.98, a PEG ratio of 3.91 and a beta of 0.28. The firm’s 50-day moving average is $109.16 and its two-hundred day moving average is $112.20. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $125.42.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.65%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s payout ratio is -179.25%.

J. M. Smucker Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.